KVH Industries (NASDAQ:KVHI) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of (0.05) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.06). The company issued revenue guidance of $182 million, compared to the consensus revenue estimate of $183.25 million.KVH Industries also updated its Q2 guidance to ($0.04) EPS.
KVHI stock opened at $9.96 on Thursday. The stock has a market capitalization of $178.80 million, a P/E ratio of -83.00 and a beta of 0.76. KVH Industries has a fifty-two week low of $9.16 and a fifty-two week high of $14.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 0.78.
KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings data on Friday, March 1st. The communications equipment provider reported ($0.03) earnings per share for the quarter. The company had revenue of $43.75 million during the quarter, compared to analyst estimates of $46.08 million. KVH Industries had a negative return on equity of 4.30% and a negative net margin of 6.16%. On average, analysts anticipate that KVH Industries will post -0.27 EPS for the current fiscal year.
A number of equities research analysts have weighed in on KVHI shares. ValuEngine downgraded shares of KVH Industries from a buy rating to a hold rating in a report on Friday, March 22nd. Raymond James set a $13.00 price target on shares of KVH Industries and gave the company a buy rating in a report on Tuesday, March 5th. B. Riley started coverage on shares of KVH Industries in a report on Wednesday, March 6th. They issued a buy rating and a $15.00 price target for the company. Zacks Investment Research downgraded shares of KVH Industries from a buy rating to a hold rating in a report on Friday, May 10th. Finally, Needham & Company LLC reissued a buy rating and issued a $13.00 price target (down from $14.00) on shares of KVH Industries in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. KVH Industries has a consensus rating of Buy and a consensus target price of $14.00.
In related news, CEO Van Heyningen Martin Kits sold 5,166 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $11.51, for a total value of $59,460.66. Following the transaction, the chief executive officer now owns 801,752 shares in the company, valued at $9,228,165.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Woodhead sold 2,347 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $11.51, for a total value of $27,013.97. Following the completion of the transaction, the executive vice president now owns 37,831 shares in the company, valued at approximately $435,434.81. The disclosure for this sale can be found here. Insiders have sold 28,542 shares of company stock valued at $311,346 over the last ninety days. Insiders own 11.30% of the company’s stock.
A hedge fund recently raised its stake in KVH Industries stock. Geode Capital Management LLC boosted its stake in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,197 shares of the communications equipment provider’s stock after acquiring an additional 7,300 shares during the quarter. Geode Capital Management LLC owned 0.81% of KVH Industries worth $1,473,000 as of its most recent SEC filing. 54.40% of the stock is currently owned by institutional investors.
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About KVH Industries
KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.
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